Asian countries are bracing for an influx of Chinese tourists as COVID restrictions are dismantled, and while some are wary, operators in others are preparing packages such as hotpot buffets to cash in on the expected spike in travel. Chinese tourists will no longer need to quarantine on return home starting Jan. 8, the government announced this week, a move that spurred a surge in bookings from what was the world’s largest outbound travel market in 2019. The once $255 billion a year in global spending by Chinese tourists ground to a virtual halt during the pandemic, leaving a gaping hole in the Asian market, where countries from Thailand to Japan had depended on China as the largest source of foreign visitors. FILE PHOTO: Passengers prepare to board a flight at the airport in no...
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The COVID-19 pandemic has achieved what many mayors across Europe have tried and failed to do: wipe out tens of thousands of Airbnbs from city centres and so help lower rental costs for locals, in some places by as much as 15%. While Europe’s cities have long welcomed tourists, critics say the surge of properties listed on short-lettings site Airbnb in recent years had priced many locals out of their own housing markets, turning historic neighbourhoods into soulless spaces. Property management companies and landlords contacted by Reuters in cities including Lisbon, Barcelona, Prague, and Venice said the collapse of tourism in the pandemic meant some hosts had now replaced holidaymakers with mid- to long-term tenants, moved in themselves, or given up properties altogether. FILE PH...
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